RiverNorth RMI: Affiliate bought shares; direct ownership 2,143
Rhea-AI Filing Summary
RiverNorth Opportunistic Municipal Income Fund (RMI) disclosed a Form 4 showing purchases by an affiliate of the adviser. The reporting person bought 903 common shares at $14.6534 on 10/13/2025 and 1,240 shares at $14.6823 on 10/14/2025. Following these transactions, the reporting person beneficially owned 2,143 shares, held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,143 shares
Net Buy
2 txns
Insider
RiverNorth Financial Holdings, LLC
Role
Insider
Bought
2,143 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,240 | $14.6823 | $18K |
| Purchase | Common Stock | 903 | $14.6534 | $13K |
Holdings After Transaction:
Common Stock — 2,143 shares (Direct)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did RMI disclose in this Form 4?
An affiliate of the adviser reported open-market purchases of common stock on 10/13/2025 and 10/14/2025.
What is the reporting person’s ownership after the transactions?
Beneficial ownership is 2,143 shares, held directly.
Who is the reporting person relative to RMI?
Marked as Other: Affiliate of the Adviser.
What transaction code is used on the Form 4?
Transaction code P, indicating an open-market purchase.
Is the filing by a single reporting person?
Yes. It states Form filed by One Reporting Person.